Canadian Dollar (CAD)
a.k.a. CAD, Loonie
Canada's currency, code CAD, nicknamed the loonie after the bird on its one-dollar coin.
In plain English
Canada's currency, code CAD, nicknamed the loonie after the bird on its one-dollar coin.
The Canadian dollar (CAD) is called the 'loonie' because its one-dollar coin shows a loon. USD/CAD is one of the major pairs.
Canada is a big oil exporter and sells most of its goods to the US, so the loonie is a commodity currency that often tracks crude prices and US economic health, alongside Bank of Canada policy.
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